Netflix stock rating maintained at Outperform by Bernstein on business model strength
Bernstein SocGen Group has reiterated an Outperform rating and a $110.00 price target for Netflix (NASDAQ:NFLX), despite the stock declining over 30% in the past year. The firm identifies the fundamental strength of Netflix's business model, noting its utility as a low-cost subscription video-on-demand service and its expanding operating leverage, particularly in non-Anglophone markets. Key developments for Netflix include potential regulatory changes in Canada regarding local content spending, strategic partnerships with toy manufacturers for merchandising, and the continued growth of its ad-supported tier.
https://www.investing.com/news/analyst-ratings/netflix-stock-rating-maintained-at-outperform-by-bernstein-on-business-model-strength-93CH-4726832